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and eagle ford shales. incredible production growth. if north america ever gets energy independence we will look back at eog as being responsible for that development. eog has given a nice 14% gain since the last time we spoke with the ceo in may. even though it's a few point off its high i think it's pretty darn cheap on a growth basis. with a 22% long term growth record, rates you don't usually speak of oil companies like a drug company or like a big industrial growth company but these guys are. let's talk to mark papa, chairman and ceo of eog resources. welcome back to "mad money." >> good afternoon, jim. >> all right. you got a chart in your most recent presentation says u.s. horizontal crude oil growth 2005 to 2012 bakken and eagle ford equal 80% of prudhoe crude oil production. isn't this chart a chart of almost everything that you've done? because how many other companies have your growth in those two fields? >> well, it is true that we're the ones that found those two horizontal plays. and we have the best position and the largest producer in the eagle third and one of the larg
horizontal plays. and we have the best position and the largest producer in the eagle third and one of the largest in the balkan shale play. we like to think we're the one that is kicked off this whole horizontal oil boom in the united states. and turned around the production in the u.s. >> and another page in your tremendous presentation which is probably the most bullish page i've seen in pages in terms of how i feel about the world and i think you do, too. 1920 to 2012, u.s. crude oil production growth you, had this being reversed because of horizontal oil success and you were putting us back to where we were in the 1960s in just another couple of years? >> yes. we believe that u.s. oil production is entirely due to the horizontal drilling in the shales is going to grow by about 2 million barrels a day in aggregate for the whole industry over about a four-year period, 2011 through 2015. and that's going to be the largest growth we've seen in a long time. even today, we're at a peak production that we haven't seen for 15 years in the united states due to this horizontal drilling b
of pennsylvania. art? >> caller: hi, i'm going a recovering eagles fan now living in steelers country. with everybody jumping on the chinese stock bandwagon i talked you last week about keu 360 ng t lightning round. it had the good quarter about three weeks ago. and no further news, today it jump dodd a new 52-week high, we got a short squeeze going on here? >> yes, that's exactly what we have. i don't want you to touch it sorry, i do have to momentarily wipe a tear from my eye, because whatever is going on with the eagles is just -- well, they went off their own sports cliff. let's put it that way. it may seem like fiscal fears are subsiding, but you must still be a little cautious. i'm optimistic for legislation if congress doesn't take a vacation, and until compromise is made, i'll try to spot some winners that are bounce-backers, if you stay with us, no vacation, congresspeople and president, until legislation. the new mantra. besides -- rise above. having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, b
're with the u.s. military, it's a fabrication. yes, indeed, that is an eagle scan or a scan eagle drone. it just doesn't happen to be one of the u.s. military's. the u.s. navy claims that all its scan eagle drones have been accounted for. the iranians have said they captured the drone, they claim, by taking it over electronically as it was flying over u.s. air space. now, the problem with this is that scan eagle drones are pretty common in that region. when it comes to technology, they're at the very low end of the scale. they're readily available to almost every government in the region. many gulf states have them. intelligence indicates that the iranians either stole or perhaps bought this from under the table from some gulf state nation. but it doesn't appear that according to the u.s. navy, anyway, that there's any truth to the claims that the iranians actually seized a u.s. navy drone. >> all right, jim. thanks very much. >> we want to get to mary thompson. we have more breaking news right now on the arrest of a trader. mary. >> hey there, bill. this is about a securities trader, david mill
for the fed's new easing in interest rate strategy. the dow's fed richard fisher comparing it to the eagle's "hotel california" saying you can check out any time you want but you can never leave. jeffrey lacker also making comments today. our senior economics reporter steve leaseman joins us with more. what exactly did the fed president mean, mr. fisher, when he said that, steve? >> once you start going with qe, that you cannot stop because of the effect on the market. and fisher was just one of two hawks that took to the airways to voice his opposition with the change in fed policy which, as you remember, boosted quantitative easing by a trillion dollars this year. fisher and president jeffrey lacker are among call them two serial dissenters. lacker has dissented at every meeting. fisher on "squawk box" this morning, i want to show you the quote that tyler is talking about and what surely is a first comparing fed policy to a rock and roll song. >> i've argued that basically we were at risk of what i call a hotel california monetary policy going back to the eagles song which is you can che
state of pennsylvania. art. >> caller: i'm a recovering eagles fan now living in steelers country. i told you last week about 360 on the "lightning round." >> yeah. sorry. i did have to momentarily wipe the tear from my eye. ♪ whatever's going on with the eagles is just -- well, they went off their own sports cliff. let's just put it that way. we're going to hear from one of my absolute favorite companies. that company is starbucks. when the company has its biannual, annual analyst day. can't have a biannual annual. let me start again. [ bleep ] i'm still paying $5.07 for my triple cappuccino each morning from the stock exchange. want one? just ask for the cramer. ♪ >> there's an awful lot of coffee in brazil. >> this deal's become a real hot button with the short selling community. smells good to me. it's the minlial semi-biannual annual -- now, that could be a good week that was. whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and
dividends pushed into 2012. coach, american eagle moving up and oracle will play out three-quarters of dividends this year. >>> more strength in housing this morning. toll brothers earnings top expectations. we'll begin with the fiscal cliff. governors are set to meet today with the president and congressional leaders. governors are concerned about the impact of deficit reduction measures on their state budgebu. the latest gop offer would overhaul the tax code, raise $800 billion in new revenue but seek $600 billion in health savings, net savings add up to about $2.2 trillion over ten years. boehner called the white house's original offer la la land and it does appear that even though at one point bowles endorsed a blueprint like this, he's trying to distance himself from it right now. >> the president got re-elected. he's claiming he got re-elected in part because he wants to tax that 2%. he cannot go back on that. in the meantime, congress most of the republicans signed the grover norquist pledge which says you cannot tax that 2% more than anybody else. you can't increase
together. we're reading that. and i think the first one goes to where the eagles transport them away from the wolves. >> i haven't read the hobbit. >> you haven't head the hobbit? you didn't read it in high school? yeah, i read it in high school. >> i feed a feel-good movie. >> el capitan, che guevara. >> let's talk shopping. shoppers hit the stores for the last time before christmas today. dana telsey is the ceo and chief officer of telsey group. we saw you day after thanksgiving, you said there was going to be sort of a hot -- that weekend was going to be big, there was going to be a lull, and it was all going to come back. has it turned out that way for you, dana? >> i think some of it came back. i don't think all of it came back. i think it was a tougher season than expected. you think you had the long calendar, the hurricane sandy, the track dpi in connecticut, people had a lot on their minds this season. this weekend was a key weekend. i think it helped. i didn't see promotions being extra promotional. but it's a push till the end. >> okay, so winners and losers? >> i think some of
there was a time when bob toll of toll brothers and eagles fan came on "mad money" during what turned out to be the early part of the housing collapse. he said he saw the light at the end of the tunnel. but it was most like lit light of an on-coming train. those days are gladly behind us. i suspect the toll tells a story that it goes down the fiscal cliff monday. every day is fiscal cliff tuesday, wednesday, thursday. you get the picture. anyway, you should pull the trigger here to buy it here if the fiscal cliff does what i'm afraid of. brown foreman reports wednesday. this is an interesting one. why? because goldman downgraded it to sell. just last night. i've seen this movie. they were wrong last time. they'll be wrong again. i'm going to bet them a bottle of jack daniels that will be the case. in fact i'll bet them a case of jack daniels that will be the case. if they're close, as we told you we like asina. and i would be willing to be a buyer of that niche retailer ahead of this quarter because of some merger gains i think we'll hear about. but again only on news of setbacks to the f
in the supply change, a name like american eagle stands out in that regard. those are probably our top picks heading into 2013. >> jay, what would you avoid? >> anything that's a commoditized retailer. you'll get killed by amazon and other low-cost providers, names like best buy, barnes & noble, any of the office guys. i think most of those names are dead in the water right now and definitely names to avoid at this point. >> dana, any names we missed from you? >> i think you got the names. the key thing for 2013, we need the stability, and we need some decisive actions in order to get the consumer comfortable again. >> absolutely. dana, r.j., thanks so much for joining us. >> thank you. >> heading towards close. just joined us, the market was down sharply early on, and just in the last hour we got word that the house will come back to reconvene sunday evening. read into that whatever you want. the market is hoping that it means maybe we get a deal before the end of the year. we're down just 65 points on the dow industrials. >> you can lead a horse to water, but you cannot make it drink. >> t
, american eagle, crate & barrel, what can they find out from you in terms of the level of engagement between you and the user? >> well, one of the things that they really care about is preparing consumers better for their trips to the store. so in the old days you used to get what was called sunday circular or your newspaper, right? remember those days. so a lot of people don't have newspapers anymore nowadays and how do you actually prepare them for the trip to the store and so what the stores really love is the idea of consumers preparing for their trip, looking at what is hot at the store, what are the latest offers, what are the new things that have just come in, and with the shop kick app you can do that, sit on your couch and prepare your trip, liking the things you find, for example, let's say you find a pair of sneakers that you love, we will show you the same pair of sneakers when you walk through the too and get you kicks. oh, remember the sneakers you liked a couple of days ago on your couch you should check them out while you're here. >> you say every walk-in is a revenue event b
at risk of what i call a hotel california, monetary policy, going back to the eagles song which is you can check out any time you want but you can never leave. that's what i worry about. theoretically we can check out any time we want from this program but we practically, because we're going to have an engorged balance sheet, we may never be able to leave this position. so i have some concerns. i was concerned about the 2.5% mention, even, of inflation one or two years out in terms of expectations. the market becomes fixated on the unemployment target that we actually install its threshold, not a target that we put in there. but, i lost my arguments. there are others that argued similarly. they'll let them speak for themselves. but here's the thing, the committee makes a decision under the leadership of ben bernanke. this is ben bernanke's fed. its his legacy going forward, and then we leave the table and we're still friends. so, can i sell it to you? i can't sell it with passion. but i will say that this is action in a city called washington, or sometimes in texas we call it washington-st
. >> it is. eagles coming off a rough night. but cramer's going to show you how to score a touchdown in the market today. "mad dash" is coming up next. you'll want to hear from republican congressman nick mulvany from south carolina who has a history of voting against speaker boehner's wishes. looks like an update so far. we'll see how we're doing when it opens in a few minutes. ♪ [ male announcer ] the way it moves. the way it cleans. everything about the oral-b power brush is simply revolutionary. oral-b power brushes oscillate, rotate and even pulsate to gently loosen and break up that sticky plaque with more brush movements than manual brushes and even up to 50% more than leading sonic technology brushes for a superior clean. oral-b power brushes. go to oralb.com for the latest offers. look this isn't my first christmas. these deals all seem great at the time... but later... [ shirt ] merry christmas, everybody! not so much. ho ho ho! this isn't that kind of deal. [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. >>> friday edition of th
have the right here to say yes or no to sprint, willing to go to the same price that was paid to eagle river. mccall started clearwire way back when. google got out way below these prices some time back. my guess is, they get it all done. it is a distressed situation in some ways. then the question will be, what does sprint do with it. >> the deal itself won't close immediately, so those who are paying north of this price may end up being hurt. >> they may. now, there's always hope when you get close to it, they may not have the vote, they'll bump a bit. we shall see in time. they're certainly making an endorsement of why they agreed to $2.97. and why an alternative is not one that shareholders should in any way save for. >> you saved viewers a lot of money. there. >> all right. i'll take it. >> all right. giant changing a recipe for a well-known soda. we'll tell you which one we're talking about and what is behind this move. and later, mcdonald's bringing back the mcrib today. what the bacon, onion and cheddar sandwich did for november sales. i love the holidays. and with my bankameri
, certainly american eagle's been outperforming, aeropostal, so you want to watch for extra promotions and then the problem is, does everybody feel compelled to pile on and match the pricing? so, again, you know, this year a big theme is price matching whether it's best buy or apparel retailers. everybody wants to know they're getting the best value. last year it was free shipping, now you add in price matching plus, you know, other freebies and you're just getting a lower overall gross margin in the market. >> for people looking at retail stocks, you'd tell them to stay away for most of them? any of them you'd like beyond limited? >> well, i think look at what target is doing. so you have this lull for the two-week period before black friday and thanksgiving. they did a collaboration with neiman marcus, with a lot of designer gifts for under $100. they launched it over the weekend and it wasn't a sellout. that is something differented that's going to get the consumers in the stores during that lull period. other retailers are not thinking out of the box during this period. so i think,
having sold, eagle river already having sold it would be subject to review by soft bank, something we reported on tuesday. we told you this deal was coming. in fact that their talks had reached a very significant stage and another key to the deal would be that it would require the softbank deal to happen, sprint doesn't want to be out there alone suddenly having to buy clearwire around spending all this money that, again, not unexpected. but a significant increase in clearwire stock prices taking place since the sprint deal was announced. as i have been reporting at that time and of course followed up on tuesday, they did want to and do want to own clearwire. they want the spectrum, most importantly, to add the -- what will be the sprint/softbank deal, because the man who will run this company, sprint wants to offer lots of new services, compete with verizon and at&t, be creative. in order to do that you need the bandwidth, you need the capacity u >> why is the stock in your opinion, trading at $3.11, not at 2.90? second, where -- i wanted to thank you for clarifying a level that is f
? >> eagles. >> i'll give him prince. >> we're going to party like it's 1999? >> yeah, we can party like it's 1990. listen, i'm not talking about the economy, i'm talking about -- you have so much money. >> raspberry. >> red beret. >> i didn't say red beret i cedras berry beret. >> i don't have monitors. >> so then, we will get to 6.5% on track in unemployment? this will work? >> now you're asking me a different question. >> do you believe in the new normal? like the pimco idea that we're going to have subemployment, permanently. >> the question that the fed is taking a chance. this is a different way to put it. the fed is taking a chance that 6% is where you start triggering inflation, okay? that's the real trigger here. >> on unemployment. >> they're going to go to 6.5. i think the fed is that they're not going to trigger until you get to 6%. i think that's the best i get out of this. >> i don't know if that's right. the question is do you trigger at 7%. you could trigger the real economy and that's something fisher would be worried about. you have to pull back and you can't get to 6% and
world war ii. we did it for very young kids with our eddie eagle child safety program that is throughout the country in schools right now. and we'll do it again today. the nra is going to bring all its knowledge, all its dedication, and all its resources to develop a model national school shield emergency response program for every single school in america that wants it. from armed security to building design and access control, to information technology, to student and teacher training this multifaceted program will be developed by the very best experts in the field. former congressman asa hutchinson will lead the effort as national director of the national model school shield program. with a budget provided by the nra, of whatever scope the task requires. his experience as united states attorney, director of the drug enforcement agency, and under secretary of the department of homeland security, will give him the knowledge and expertise to hire most knowledgeable and credentialed experts that are available in the united states of america, to get this program up and running from the fir
's to that happening in 2013, governor. and to a revamped offensive line for our eagles. >> absolutely. happy holidays to everyone in squawk. >> thanks a lot, governor. see you later. >> another rough morning for shares of herbalife. kayla? >> melissa, herbalife shares have dropped, but up premarket by 4%. now they're plummeting past the key level. we had a put that expired on december 21st. traders saying there's a little more options activity with puts and potential shorts for those shares escalating in early trading today. guys, back to you. >> yeah. kayla, thanks so much. shares of jcp down 40% over the last year. but one analyst putting out a positive note on the retailer this morning. he'll explain why he sees some evidence of success at the department store. plus, crude oil prices pulling back this year. how can you get the investing edge on energy in 2013. we'll get predictions when "squawk on the street" comes right back. ally bank. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor s
if they get re-elected again, would you use the debt eagle? once we go through this and the cliff is no longer, would you play hardball with the debt ceiling knowing that you're going to be blamed for that and lose your seat in 2014? >> it would depend on the promises that i made to get elected. what we have is a roomful of people who made promises that probably can't be kept. and they're worried about going home, and giving a speech in a high school auditorium and having somebody stand up in the back and say, hey, you said you wouldn't raise taxes under any circumstances. so that's an impossible promise to keep in today's world. >> you think it still works, though, if this all happens in january? >> sure. >> you think that then they can say they kept the promise? >> sure. i mean, look -- >> you don't think the public sees through that? >> i wish i 0 could say that i thought the public sees through. listen, the market doesn't seem to be too bothered by the fact that it seems at this point to be inevitable what we're not going to hit the deadline. so maybe the public does see through this, and
Search Results 0 to 23 of about 24 (some duplicates have been removed)